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Apple diverges from Nasdaq for first time in 40 years, signaling shifts in AI investment trends.

28 Oct 2026, 16:19 WIB
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Neutral
Apple diverges from Nasdaq for first time in 40 years, signaling shifts in AI investment trends.

For the first time in four decades, Apple's stock price has moved independently from the Nasdaq-100 index, showing a negative correlation of about -0.1 since August 2026. This shift reflects investor concerns about the costs of AI development, as Apple spends less on AI compared to major data-center companies and acts as a hedge within the Nasdaq. Despite Apple's stock rising about 28% this year, its valuation at 45 times earnings is high, posing risks if AI stocks rebound or if Apple's earnings disappoint. Upcoming product launches and supply challenges will test Apple's pricing power and could influence whether this divergence continues or reverses.

Apple's stock price on Pluang is currently USD 346.90, showing a slight decline of 0.06% in the last day. The stock's market cap stands at $5.07 trillion, with a dividend yield of 0.31%. These figures are as of Oct 28, 2026, 20:31 WIB.

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